House owned by grandmother

Paying for College
1

<p>Hello!</p>

<p>I was wondering, if my parents do not own the home we live in and it is instead owned by my grandmother, would it still count as an asset when determining the Expected Family Contribution? (That is, will the home equity be taken into account when determining the EFC, and if so, would it contribute less to the EFC than it would if it were my parents' house?)</p>

<p>Thanks!</p>

2

<p>If your parents don’t own the house, it is not their asset.</p>

3

<p>i may be wrong, but i think i remember reading that you don’t include the home you live in as an asset ever (no matter who owns it)</p>

4

<p>Your primary residence isn’t mentioned at all on the FAFSA but it is on the CSS Profile.</p>